Relief to Pak: UAE granted prolongation for the repayment of billion dollars loan


The United Arab Emirates (UAE) has extended further defaults to cash-strapped Pakistan to repay its two billion dollar debt. The decision was taken in a meeting between Foreign Minister Shah Mehmood Qureshi and UAE Foreign Minister Sheikh Abdullah bin Zayed Al Nahyan in Abu Dhabi on Monday, the Foreign Ministry said in a statement here.

Foreign Minister Shah Mehmood Qureshi said that the UAE has assured all possible help to Pakistan. He thanked the UAE for its support and bilateral cooperation and for supporting Pakistan in international fora.